News: Brokerage

Canopy by Hilton and Hyatt House to operate hotels in shared building

Savills Studley's U.S. Capital Markets Hospitality Group advised Hoffman-Madison Waterfront, the master developer of the mixed-use waterfront community The Wharf, in choosing Hilton Worldwide and Hyatt Hotels Corp. for its 413-key dual-branded hotel. Following an extensive, year-long RFP process in which more than 20 hotel brands from around the globe responded, Savills Studley secured the Canopy by Hilton and Hyatt House brands for the 300,000 s/f hotel. Both locations will be managed and operated by Concord Hospitality Enterprises Company and designed by SmithGroup JRR. "We received an overwhelming response from national and international hotel brands. Ultimately it was determined that the unique combination of Hilton, Hyatt and Concord Hospitality Enterprises would provide a superior experience," said Justin Magazine, managing director of Savills Studley's U.S. Capital Markets Hospitality Group. Canopy by Hilton will open its first location in the District of Columbia with a 120,000 s/f lifestyle brand hotel with 175 rooms, while the Hyatt House be a 145,000-square feet extended-stay hotel with 238 rooms. The combined hotels will include dining options, a 1,100-square-foot fitness center, 2,500 square feet of meeting space, outdoor terraces, an outdoor pool and a rooftop bar. The property will be located between Maine Avenue and Wharf Street, adjacent to 7th Street Park. The hotels are expected open in Fall 2017.
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Columns and Thought Leadership
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